Mexico to Raise Minimum Wage by 12% in 2025

Despite the increase, currency devaluation means the wage will be slightly lower in dollar terms compared to last year.

Mexico's minimum wage will rise by 12% to 279 pesos per day, approximately $13.75, starting January 1, 2025.
The increase was announced by a tripartite commission including government, labor, and business representatives.
Due to an 18% decline in the peso's value against the U.S. dollar, the new wage represents a slight decrease in constant dollar terms compared to 2024.
Domestic inflation in Mexico, currently at 4.75%, suggests the raise could result in a real-term increase of about 7%.
A higher minimum wage of 420 pesos per day, or about $20.70, will apply in Mexico's northern border region due to elevated living costs.